2 important bearish breakouts on S&P500 Index on a daily:
the price broke and closed below a support line of a rising parallel channel,
the price violated a horizontal demand zone.
Look for shorting opportunities from the underlined blue area.
I will expect a bearish continuation to 3750 from that.
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✅Join My Telegram Channel: t.me/VasilyTrading
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.